CubeSmart Investor Presentation Deck slide image

CubeSmart Investor Presentation Deck

Historical Company Data Same-Store Performance ¹ Revenue Growth NOI Growth YOY Occupancy Growth (BPS) Annual Avg. Occupancy External Growth # Acquired Properties Acquisition Value ($MM) # of Development Openings Cost of Development Openings ($MM) # of Disposed Properties Disposition Value ($MM) Trading & Valuation Metrics Market Equity Value² Total Market Capitalization² Total Gross Assets² P/FFO (Trailing)³ FFO Payout Ratio Dividend Yield5 2010 0.3% 1.0% 0.6% 76.8% 2 CUBESMART 12 $85.1 0 $0.0 16 $38.1 2011 2012 2013 2014 2015 2016 3.6% 3.8% 7.4% 7.2% 7.3% 7.0% 5.7% 6.0% 9.3% 9.6% 9.6% 10.2% 5.1% 2.0% 3.4% 5.3% 2.6% 1.5% 0.8% 0.2% 78.8% 82.6% 88.4% 90.8% 92.3% 92.9% 93.1% 27 $467.1 0 $0.0 20 $189.8 0 37 $432.3 0 $0.0 19 26 $45.2 $60.0 $126.4 $0.0 $0.0 35 $42.3 0 53 $568.2 2017 2018 4.4% 3.3% 3.3% (0.2%) 92.7% 29 $292.4 3 $49.3 8 $37.8 7 28 $403.6 $80.7 2 4 $64.0 $168.0 0 0 $0.0 $0.0 10 $227.5 1 $92.1 2 $17.5 $965 $1,277 $2,049 $2,335 $3,752 $5,496 $4,875 $5,324 $5,425 $1,580 $2,035 $3,073 $3,474 $4,926 $6,758 $6,471 $6,659 $7,172 $1,793 $2,195 $2,504 $2,757 $3,278 $3,709 $4,146 $4,298 $4,615 18.7x 16.4x 19.7x 17.5x 20.4x 24.5x 18.6x 18.2x 17.5x 28.4% 44.6% 47.3% 50.5% 50.9% 55.2% 62.5% 69.8% 74.4% 2.7% 2.4% 2.9% 2.5% 2.7% 3.4% 3.8% 1.5% 4.3% 1. Performance as reported for the same-store pool as it was constituted at the end of the respective year 2. Year-ending values as detailed in Company's supplemental packages 3. Calculated as ending common share price / funds from operations per share, as adjusted. Please refer to CubeSmart's public filings for a detailed explanation of FFO and how it reconciles to a GAAP measure 4. Calculated as annual common distributions per share / funds from operations per share, as adjusted 5. Calculated as annual dividend per share / ending common share price 2019 1.9% 1.1% 0.0% 92.4% 29 $246.6 3 $90.6 1 $4.1 $6,155 $8,087 $4,955 18.6x 76.3% 4.1%
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